10 Best Holding Company Stocks To Buy Now

6. Wells Fargo & Company (NYSE:WFC)

Number of Hedge Fund Holders: 83

Wells Fargo & Company (NYSE:WFC) is one of the best holding company stocks to buy now. The financial services company was founded in 1852 and is based in California, United States. Wells Fargo provides a range of services including asset management, banking, commodities, insurance, investment management, and mortgage loans through its subsidiaries including Wells Fargo Advisors, First Clearing, and Wells Fargo Advisors to name a few.

In the second quarter of 2024, Wells Fargo & Company (NYSE:WFC) logged $20.69 billion in revenue, up by 1% year-over-year. The company has almost $1.9 trillion in assets, making it one of the biggest financial services companies in the United States and globally. The company provides services to one in three households and almost 10% of small businesses in the United States.

With a strong clientele of 68 million customers in 22 countries, Wells Fargo & Company (NYSE:WFC) has a strong ecosystem difficult for any other company to replicate. In addition to that, the company has over 5,600 branches and more than 11,000 ATMs.

Analysts are also bullish on WFC and their 12-month median price target of $63 points to a 16% upside from current levels. At the end of Q2 2024, there were 83 hedge funds that held positions in the stock with total stakes amounting to $5.68 billion. As of June 30, Harris Associates was the largest shareholder with a position worth $1.27 billion.